More firms in the Philippines are willing to hire internally to fill available roles, according to LinkedIn’s Future of Talent Report 2021.
In the report, LinkedIn said 9 in 10 companies in the Philippines are willing to hire internally to leverage employees’ insider perspectives; provide a sense of progress to employees; and encourage loyalty.
The report was based on a 20-minute online survey conducted with over 3,500 respondents from small, medium, and large enterprises.
“The talent architecture within an organization has changed. Organizations have started to hire for open roles internally and now allow more of their workforce to work remotely. This looks set to continue as we move forward into a post-pandemic world,” the report stated.
When hiring internally, LinkedIn said firms look for communication, problem-solving, and strategic thinking skills from employees.
However, the data showed that there are challenges to hiring internally. Many companies lack the time and other resources for training, which is a concern for 65 percent of companies.
Other concerns, LinkedIn said, were the difficulties of identifying employee aspirations, which is the case in the Philippines and Malaysia; lacking incentives to encourage internal mobility; and the lack of upskilling or reskilling programs.
“In order to circumvent these challenges, organizations can invest in tools that will allow them to engage their employees and better identify and understand their aspirations. They can also implement continuous learning programs to enable their employees to take on other roles within the organization,” LinkedIn said.
Tackling these challenges, LinkedIn said, would lead to the expansion of the roles of Human Resource teams in organizations.
In the Philippines, 56 percent of companies said HR played an essential role in employee training and development, and 60 percent cited employee engagement as another important area of HR’s role.
With high attrition due to the pandemic, HR teams had to work double time in terms of keeping employees inspired and connected.
“HR will continue to play a more significant role as we move into a post-Covid-19 era. Nearly 4 in 5 companies in the Philippines feel that it will play a meaningful part in streamlining business and formulating strategies,” LinkedIn said.
In terms of hiring employees, LinkedIn data showed nearly 9 in 10 companies in the Philippines prefer soft skills, including problem-solving, adaptability, and the ability to work in teams.
The report also found that 38 percent of companies in the Philippines preferred to hire candidates with technical skills.
Data also said transferable skills are important over traditional qualifiers and minimum years of experience.
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